Hillenbrand Inc (HI)

Cash ratio

Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020
Cash and cash equivalents US$ in thousands 199,300 242,900 232,200 446,100 302,200
Short-term investments US$ in thousands 1,900
Total current liabilities US$ in thousands 1,189,100 1,291,000 1,077,800 1,035,100 852,100
Cash ratio 0.17 0.19 0.22 0.43 0.35

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($199,300K + $—K) ÷ $1,189,100K
= 0.17

The cash ratio of Hillenbrand Inc has exhibited a declining trend over the past five years. In particular, the cash ratio decreased from 0.43 in September 2021 to 0.17 in September 2024. This indicates that the company's ability to cover its short-term liabilities with available cash and cash equivalents has decreased. A lower cash ratio may suggest potential liquidity challenges or a higher reliance on other sources of liquidity such as short-term investments or lines of credit. It is important for the company to closely monitor its cash position and ensure that it maintains adequate liquidity to meet its obligations in a timely manner.


Peer comparison

Sep 30, 2024

Company name
Symbol
Cash ratio
Hillenbrand Inc
HI
0.17
Amcor PLC
AMCR
0.14
Brady Corporation
BRC
0.94